Raiffeisen Bank International AG purchased a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the utilities provider's stock, valued at approximately $258,000. Raiffeisen Bank International AG owned approximately 0.06% of Consolidated Water as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of CWCO. Inspire Investing LLC purchased a new stake in shares of Consolidated Water during the fourth quarter worth about $849,000. SG Americas Securities LLC grew its holdings in Consolidated Water by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock valued at $168,000 after buying an additional 1,251 shares in the last quarter. Franklin Resources Inc. grew its holdings in Consolidated Water by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 29,860 shares of the utilities provider's stock valued at $773,000 after buying an additional 897 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Consolidated Water by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 438,223 shares of the utilities provider's stock valued at $11,347,000 after buying an additional 15,060 shares during the last quarter. Finally, Illumine Investment Management LLC purchased a new position in shares of Consolidated Water in the fourth quarter worth $436,000. 55.16% of the stock is owned by institutional investors.
Consolidated Water Stock Performance
Shares of NASDAQ:CWCO opened at $26.50 on Monday. The firm has a market cap of $421.80 million, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.44 and a beta of 0.39. The firm has a fifty day moving average price of $24.62 and a 200 day moving average price of $25.65. Consolidated Water Co. Ltd. has a fifty-two week low of $22.69 and a fifty-two week high of $29.88.
Consolidated Water (NASDAQ:CWCO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $33.72 million for the quarter, compared to analysts' expectations of $32.30 million. Consolidated Water had a net margin of 23.06% and a return on equity of 12.98%. As a group, research analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.
Consolidated Water Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 1st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, April 1st. Consolidated Water's payout ratio is presently 27.16%.
Insider Buying and Selling at Consolidated Water
In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the transaction, the chief executive officer now owns 271,995 shares in the company, valued at $7,615,860. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.87% of the stock is currently owned by company insiders.
Consolidated Water Profile
(
Free Report)
Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
See Also
Want to see what other hedge funds are holding CWCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Consolidated Water, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consolidated Water wasn't on the list.
While Consolidated Water currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
